World Perspectives
farm-inputs

Mob versus Science

Activists in Europe delivered more than the 1 million signatures required under the European Citizens’ Initiative to compel action on their demand to completely ban glyphosate. However, their petition involves an even bolder change than just banning a singular chemical: “We call on the European Commission to propose to member states a ban on glyphosate, to reform the pesticide approval procedure, and to set EU-wide mandatory reduction targets for pesticide use.” More than half (663,867) of the signatories are from Germany, home to two of the world’s five largest agrochemical companies and representing 41 percent of their market capitalization. According to the OECD, Germany has nearly double the share (percent) of a...

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FOB Prices and Freight Rate App (Updated 19 April)

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Interactive Ocean Freight Rates (Updated 19 April)

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soy-oilseeds

WASDE Soybeans

USDA increased U.S. soybean ending stocks for 2023/24 by 25 million bushels to 340 million. The U.S. season-average soybean price for 2023/24 is forecast at $12.55 per bushel, down 10 cents. Soybean meal and oil prices are unchanged at $380 per short ton and 49 cents per pound, respectively. Gl...

FOB Prices and Freight Rate App (Updated 19 April)

Ocean Freight Comments - 19 April 2024 By Matt Herrington Spot dry-bulk freight markets remain weak amid dull April demand but rates are improving for May and June with improved interest in booking cargoes. Chinese demand for iron ore and coal has improved and bolstered capesize rates while gra...

Interactive Ocean Freight Rates (Updated 19 April)

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soy-oilseeds

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wheat

WASDE Wheat

USDA raised U.S. wheat ending stocks for 2023/24 by 25 million bushels to 698 million, 22 percent above last year. The season-average farm price is reduced $0.05 per bushel to $7.10.  The 2023/24 global wheat outlook this month is for smaller ending stocks, down 0.6 million metric tons to...

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From WPI Consulting

Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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